JSW Steel Share Price Rises 1.57% Amid Proposed 12% Safeguard Duty

JSW Steel has been in focus on Wednesday. On March 19, 2025, JSW Steel share price opened at ₹1,036.00, up from its previous close of ₹1,018.05. At 10:20 AM, the share price of JSW Steel was trading at ₹1,034.00, up by 1.57% on the NSE. 

Safeguard Duty Recommendation

JSW Steel’s stock has been in the spotlight following a significant announcement by the Directorate General of Trade Remedies (DGTR). 

The uptick in JSW Steel’s share price aligns with the broader market reaction to the DGTR’s recommendation for a 12% provisional safeguard duty ad valorem for 200 days on select steel products. 

As per news reports, this recommendation aims to protect domestic steel manufacturers from a surge in imports, which could potentially harm the local industry. 

As a result, shares of major steel companies, including Tata Steel, SAIL, and JSW Steel, rallied, pushing the Nifty Metal Index up by over 1.5% during the market’s opening. As of 10:27 AM, Nifty Metal was up by 1.34%. 

The safeguard duty will cover various alloy and non-alloy steel flat products, such as hot-rolled coils, sheets, and plates, cold-rolled coils and sheets, metallic coated steel coils and sheets (whether profiled or not), and colour-coated coils and sheets. However, the recommendation will only come into effect once approved by the Finance Ministry.

As per news reports, the safeguard duty, if implemented, will provide relief to domestic steel producers by curbing excessive imports, stabilising prices, and supporting profitability. Investors are closely monitoring the Finance Ministry’s decision, as it could have a lasting impact on the Indian steel sector.

Conclusion

If approved by the Finance Ministry, the safeguard duty could provide substantial support to domestic steel producers. Investors are keenly awaiting the final decision.

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